Philanthropist Eli Broad announces his retirement

LOS ANGELES >> Philanthropist Eli Broad, whose contributions to Los Angeles arts, culture and overall development have left an indelible impression on the city, announced his retirement Thursday.

In an exclusive interview with the New York Times at the Broad Foundation office in Century City, the 84-year-old Broad said he is retiring “now, right now.”

“I am just tired,” he said. “I want to spend more time with my family. Catch up on my reading.”

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